Exhibit
99.1
NEW AGE BEVERAGES CORPORATION ANNOUNCES
THE APPOINTMENT OF AMY KUZDOWICZ
TO ITS BOARD OF DIRECTORS
DENVER, COLORADO, February 25, 2019 – NEW AGE BEVERAGES
CORPORATION (NASDAQ: NBEV), the
Colorado and Utah-based organic and natural beverage company
intending to become the world’s leading healthy beverage and
lifestyles company, today announced the appointment of Amy
Kuzdowicz to its Board of Directors.
Ms. Kuzdowicz is currently the Senior Vice President and Chief
Accounting Officer of Jack Entertainment LLC. She was previously
CFO for Rock Ohio Caesars, Vice President of Finance and Corporate
Controller for Panera, Vice President of Americas Business Services
for Reuters, and Director of Finance for Herman Miller. Ms.
Kuzdowicz began her career at Arthur Andersen and worked both in
the US and internationally, where she specialized in the gaming
industry and emerging markets. She spent more than 14 years at $1
billion+ public companies where she led transformations in
financial operations involving acquisitions, joint ventures, and
high growth in global companies. Ms. Kuzdowicz holds a B.S. in
Accounting from Colorado State University and is a CPA in
Ohio.
Ms.
Kuzdowicz mentioned, “I am very excited to be a part of such
a purpose driven company like New Age. Their goal of inspiring and
educating consumers to ‘Live Healthy’ really resonates
with me, and I see the New Age business as highly disruptive and
ripe with potential. I look forward to working with an accomplished
Board and management team, and contributing to the success of the
firm.”
New Age
has grown over 15,000% since its inception in mid-2016, is the
fastest growing beverage company in the world, and now one of the
top 40 non-alcoholic beverage companies in the world. The
company’s most recent acquisition completed in December 2018
helped the firm reach nearly $300 million in proforma annualized
revenues, and provided the company with a distribution platform and
infrastructure in 60 countries around the world.
Brent
Willis, Chief Executive Officer for New Age commented, “The
addition of Amy to the Board of New Age, really strengthens it and
rounds out the collective experience and skill set with depth of
financial expertise. We expect that she will be a great Head of our
Audit Committee, and help further drive financial discipline and
lead our financial controls to the next level. We are confident she
will bring tremendous leadership and different perspectives to an
already outstanding Board of Directors.”
About New
Age Beverages Corporation (NASDAQ: NBEV)
New Age Beverages Corporation is a Colorado and Utah-based healthy
beverage company dedicated to inspiring, educating consumers to
live healthy. The Company is the only one-stop-shop of healthy
beverages and includes the brands Tahitian Noni, TeMana, Búcha
Live Kombucha, XingTea, Coco-Libre, Marley, and others. New Age
competes in the growth segments of the >$1 trillion-dollar
non-alcoholic beverage industry and has become one of the 40
largest non-alcoholic beverage companies, one of the largest
healthy beverage companies, and the fastest growing in the world
over the past three years. The Company’s brands are sold
across all 50 states within the US and in more than 60 countries
internationally across all channels via a hybrid of
direct-to-consumer and traditional distribution and route-to-market
systems.
The Company operates the websites www.newagebev.com,
www.morinda.com,
www.newagehealth.com,
www.mybucha.com,
www.xingtea.com,
www.drinkmarley.com,
and www.cocolibre.com.
New Age has exclusively partnered with the world's 5th largest
water charity, WATERisLIFE, to end the world water crisis with the
most innovative technologies available. Donate at WATERisLIFE.com
to help us #EnditToday.
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are any statement reflecting
management's current expectations regarding future results of
operations, economic performance, financial condition and
achievements of the Company including statements regarding New Age
Beverage’s expectation to see continued growth. The
forward-looking statements are based on the assumption that
operating performance and results will continue in line with
historical results. Management believes these assumptions to be
reasonable but there is no assurance that they will prove to be
accurate. Forward-looking statements, specifically those concerning
future performance are subject to certain risks and uncertainties,
and actual results may differ materially. New Age Beverages
competes in a rapidly growing and transforming industry, and other
factors disclosed in the Company's filings with the Securities and
Exchange Commission might affect the Company’s operations.
Unless required by applicable law, NBEV undertakes no obligation to
update or revise any forward-looking statements.
For investor inquiries about New Age Beverages
Corporation please
contact:
Cody Slach, Liolios Group,
Inc.
Investor Relations Counsel
Tel 949-574-3860
NBEV@Liolios.com
New Age Beverages Corporation
Gregory
A. Gould
303-289-8655
Ggould@NewAgeBev.com